Transit Number # 02540-003

BankRoyal Bank of Canada (RBC)
Branch NamePeace Bridge Currency Exch Unit
Routing Number000302540
Transit Number (MICR)02540-003
Addressc/o 67 Jarvis St, c/o PO Box 278
CityFort Erie
StateON
Postal CodeL2A 5M9
Location Map of Royal Bank of Canada
Fort Erie,ON
Location Map of Peace Bridge Currency Exch Unit branch of Royal Bank of Canada in Fort Erie,ON
 

Royal Bank of Canada

Fort Erie-ON

List of Royal Bank of Canada Transit Numbers in Fort Erie ( ON )
01562-003

02540-003    

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What is the Routing Number?

A routing number identifies the financial institution and the branch to which a payment item is directed. Along with the account number, it is essential for delivering payments through the clearing system.

In Canada, there are two formats for routing numbers:

EFT Routing Number

An Electronic Fund Transactions (EFT) routing number is comprised of a three-digit financial institution number and a five-digit branch number, preceded by a "leading zero".
Example : 0XXXYYYYY
  • 0 : Leading zero
  • YYY : Institution Number
  • XXXXX : Branch Number
The electronic routing number is used for routing electronic payment items, such as direct deposits and wire transfers.

MICR Number (Transit Number)

MICR Numbers or widely known as Transit Numbers are used in cheques processing. It appears on the bottom of negotiable instruments such as checks identifying the financial institution on which it was drawn.
A paper (MICR) routing number is comprised of a three-digit financial institution number and a five-digit branch number. It is encoded using magnetic ink on paper payment items (such as cheques).
Example : XXXXX-YYY
  • XXXXX : Branch Number
  • YYY : Institution Number
MICR stands for Magnetic Ink Character Recognition.